Sorry, can you elaborate the word in bold? Don't quite understand.

Anyway IMHO the worst of them all is EPF. Employee take home salary is the same, but business operation cost increases causing business to past that cost to consumer, causing even lower purchasing power as price increases. Definitely not the right time when the current economic downturn still doesn't have the light at the end of the tunnel. Not to say things like those aren't a good thing, but the timing couldn't be worse.

But I paling kesian is retiree / pensioners. They're mostly on static savings / pensions but these past few years of inflation gonna eat them up. It's also very difficult for them to find jobs at those age, whether because of they themselves or the employers (can't teach an old dog new tricks stigma) so they don't have much options.

Actually what biz are you involved in?
The idea of charging more EPF actually definitely does not benefit the employer. Eventually companies will have to lower the salary to compensate for the higher percentage pay to EPF. So technically the employer will suffer. But normal people dun think like that.

EPF is actually technically government money. But citizens get gaslighted into thinking it's their money. I rather "earn" a little bit less by putting into FD that can pay say 4.5% and able to take out my money anytime and at most say 1 year when my FD expire then put in EPF that pays 5.2% but have to wait until 55 years old. And you also dunno whether in the future they will lower the profit margin to less then FD.

F&B franchise. I think you're mixing up employees & employers, and yeah, that 20% definitely benefit government more (or rather cronies, since they can quietly lobby for that investment, but let's not go there). But it not benefiting employees is technically correct, companies would just deduct it from someplace else (lower benefits, insurance, etc.), those that can't will reduce headcount, etc. Things can't be conjured out of thin air.

Food is good, but too expensive IMO.

I frequented a lot of fnb before, but now rarely as prices keep going up. Very hard to find a decent meal under rm20 in malls nowadays. Even KFC dinner plate is RM23+. A cup of atas coffee easily RM10++

My main business (something to do with construction) is really slow and quiet. Go around and check with my client all also say slow and downsizing / cutting cost.

But luckily i started my side hustle during MCO and business is picking up. Also just setup another company early this year, and i would say business has been fantastic.

FnB still booming. Every week got new cafe opening.
People still queue up to buy RM16 llaollao while some eating 2 dishes rice less than RM8 every day.

Ramen shop open a lot

1 bowl rm30-40

Furniture manufacturing, many company sales drop >50%.
US market..die
Europe market...die
China market...not that good also
Worst than 1997 crisis.

Can you share first? Since you're asking the question.

will it be worst then when it is in covid time?

Believe it or not, when covid time their business actually quite good. It starts to get bad after the russia war, worst during china big lockdown, now just very very slowly recovering.

Furniture manufacturing, many company sales drop >50%.
US market..die
Europe market...die
China market...not that good also
Worst than 1997 crisis.

will it be worst then when it is in covid time?